Is This a Bailout?

"This isn't a bailout because they're not going to bail out the shareholders. They're going to liquidate the management teams," he says. "That's sort of like, you know, the bailed threat or like message to that's like the crumb." But FTX is still an open question as to how it will make its way through bankruptcy proceedings and FTX could get absorbed into something else. 'I don't believe that signature, I'm sorry, Silvergate is going to proceed through like a normal bankruptcy proceeding'

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